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Yeah, it is kind of complicated to understand at the moment... Especially to people outside the crypto world. One of the main things holding Steemit back in my opinion is the new users backlog. Anyone have any idea why it takes AGES to get an account approved? I convinced a friend to join recently, and he has been waiting 3 days now! That is a huge turn off for new members if they have to wait so long to get access!

It believe that at the moment there is some human intervention needed for the approval of new account. As far as I know they are changing the approval process. So it should go quicker in the future.

Good, I hope so. That is a much needed change.